EWZ - Brazilian equity ETF - Approaching a pretty significant level

Been watching $EWZ for a bit, and it's starting to poke its head around a level that's caught my eye. The 36.00-36.10 area has acted as pretty strong support over the last couple of months, even though it's been tested a few times. We're currently sitting right around 36.11 as of this morning, and the daily range has been pretty tight (36.09-36.805). If we see a decisive break below 36.00 on any sort of volume, I'd have to reconsider that support thesis pretty quickly. Conversely, a bounce off this level with some follow-through could signal a continuation of the short-term ranging we've seen. Just my two cents, markets always find a way to make a fool of us all.